Notable Price Action: What Will Happen to MaxLinear, Inc. Next? The Stock Just Increased A Lot

November 8, 2016November 8, 2016Darrin Black

The stock of MaxLinear, Inc. (NYSE:MXL) is a huge mover today! About 874,560 shares traded hands or 18.49% up from the average. MaxLinear, Inc. (NYSE:MXL) has risen 4.47% since April 5, 2016 and is uptrending. It has outperformed by 2.52% the S&P500.
The move comes after 5 months positive chart setup for the $1.33B company. It was reported on Nov, 8 by Barchart.com. We have $31.14 PT which if reached, will make NYSE:MXL worth $665.00M more.

MaxLinear, Inc. (NYSE:MXL) Ratings Coverage

Out of 9 analysts covering Maxlinear Inc. (NYSE:MXL), 9 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Maxlinear Inc. has been the topic of 16 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Needham maintained the shares of MXL in a report on Tuesday, November 8 with “Buy” rating. Roth Capital initiated it with “Buy” rating and $7 target price in Wednesday, September 30 report. The rating was maintained by TH Capital on Wednesday, January 13 with “Buy”. The stock has “Buy” rating given by TH Capital on Wednesday, September 30. Maxim Group maintained the stock with “Buy” rating in Thursday, January 7 report. On Wednesday, January 13 the stock rating was maintained by Roth Capital with “Buy”. On Thursday, September 17 the stock rating was upgraded by Needham to “Buy”. Topeka Capital Markets initiated MaxLinear, Inc. (NYSE:MXL) on Friday, February 26 with “Buy” rating. Deutsche Bank maintained MaxLinear, Inc. (NYSE:MXL) rating on Tuesday, August 9. Deutsche Bank has “Buy” rating and $25 price target. The firm earned “Buy” rating on Tuesday, February 9 by Stifel Nicolaus.

According to Zacks Investment Research, “MaxLinear is a provider of radio-frequency analog and mixed signal semiconductor SoC solutions for broadband communication applications offering small silicon die-size, and low power consumption. The Company’s RF receiver products capture and process digital and analog broadband signals to be decoded for various applications. These products include both RF receivers and RF receiver systems-on-chip (SoCs), which incorporate the Company’s integrated radio system architecture and the functionality necessary to demodulate broadband signals. MaxLinear’s current products enable the display of broadband video in a wide range of electronic devices, including cable and terrestrial set top boxes, digital televisions, mobile handsets, personal computers, netbooks, and in-vehicle entertainment devices. MaxLinear is based in Carlsbad, California.”

Insitutional Activity: The institutional sentiment increased to 1.51 in 2016 Q2. Its up 0.52, from 0.99 in 2016Q1. The ratio improved, as 23 funds sold all MaxLinear, Inc. shares owned while 52 reduced positions. 34 funds bought stakes while 79 increased positions. They now own 46.30 million shares or 3.94% more from 44.55 million shares in 2016Q1.
Citigroup Incorporated last reported 0% of its portfolio in the stock. Finance Pro has 320 shares for 0% of their US portfolio. State Of Wisconsin Invest Board reported 520,000 shares or 0.04% of all its holdings. Amp Cap Invsts accumulated 0% or 14,600 shares. The California-based Blackrock Fund Advsrs has invested 0.01% in MaxLinear, Inc. (NYSE:MXL). The Alabama-based Croft has invested 0.15% in MaxLinear, Inc. (NYSE:MXL). Credit Suisse Ag accumulated 0% or 121,279 shares. Moreover, New Century Inv Mgmt has 1.27% invested in MaxLinear, Inc. (NYSE:MXL) for 132,400 shares. Price T Rowe Assoc Md last reported 0% of its portfolio in the stock. 1492 Cap Management Ltd Co last reported 0.77% of its portfolio in the stock. The New York-based Cipher Lp has invested 0.27% in MaxLinear, Inc. (NYSE:MXL). Kalmar Invests De last reported 671,590 shares in the company. Dimensional Fund Advsrs Lp accumulated 0.01% or 596,356 shares. Wells Fargo & Com Mn reported 1.34 million shares or 0.01% of all its holdings. Geode Capital Mgmt Ltd accumulated 0% or 419,412 shares.

Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 7 sales for $2.30 million net activity. The insider LaChance Michael J. sold 30,000 shares worth $583,632. On Friday, June 10 the insider WALSH BRENDAN sold $253,006. $366,955 worth of shares were sold by PARDUN THOMAS E on Friday, June 3. Kwong Connie H. sold $75,893 worth of MaxLinear, Inc. (NYSE:MXL) on Thursday, May 26. Torgerson William also sold $403,406 worth of MaxLinear, Inc. (NYSE:MXL) shares. The insider CRADDOCK STEVEN sold 18,770 shares worth $387,036.